Total loan: $2,625
Kapan, Syunik Province, Armenia / Manufacturing
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A loan helped to buy raw materials for furniture production.
Armen finished middle school in Kadjaran, the city of his birth. He's married and has three children. Armen's wife takes care of their household and his elder daughter attends school, while his two younger children go to daycare. Armen's retired mother lives with them. Three years ago, Armen converted his basement into a workshop in which he now makes furniture on a by-order basis. His main focus is on kitchen furniture and computer desks. In order to increase his income, Armen rents a a small store where he places products ready for sale. Because of his business, Armen was able to purchase a truck. He transports building materials from Kapan and made furniture from Yerevan on it. Armen is asking for a loan of 1,000,000 drams to purchase building materials for new furniture. In order to successfully support his family, he works till late without weekends.